Date
24 October 2017

Govt bond futures see biggest decline since debut, paper says

Government bond futures on Thursday saw the biggest decline since their debut on Sept. 6 amid weak liquidity and limited pool of participants, the Shanghai Securities News reported Friday. The December 2013 five-year government bond futures closed down 0.56 percent at 92.828 yuan (US$15.10), according to the newspaper. Expectations of tighter market liquidity mainly contributed to the decline, analysts were quoted as saying. Only brokerages, mutual funds and wealthy individuals are permitted to trade in the bond futures, while banks and insurers have yet to secure approval, thus trading volumes have remained relatively restrained. For October, the daily average trading volume was 2,036 lots, the report said.

– Contact HKEJ at [email protected]

KZ/AC/CG

 

 

    EJI Weekly Newsletter

    Please click here to unsubscribe